Monthly evaporated and condensed milk market report

MISSING IMAGE

Material Information

Title:
Monthly evaporated and condensed milk market report
Physical Description:
A 92.10/4:nos
Language:
English
Publisher:
U.S. Department of Agriculture, Market News Service
Place of Publication:
Washington, D.C.

Subjects

Genre:
serial   ( sobekcm )

Notes

General Note:
Description based on: no.129 (May 1930); title from caption. Latest issue consulted: no.224 (May 1938) "Prices paid producers for 3.8% milk F.O.B. factory".

Record Information

Source Institution:
University of Florida
Holding Location:
University of Florida
Rights Management:
All rights reserved by the source institution.
Resource Identifier:
aleph - 26379885
oclc - 606885223
System ID:
AA00013239:00009


This item is only available as the following downloads:


Full Text





\ MONTH
\ \ MONT


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE

THLY EVAPORATED AND CONDENSED MILK MARKET REPORT
[JANUARY 1931)


No. 137 WASHINGTON, D.C. JANUARY 24, 1931
INFORMATION IN THIS REPORT .REqARDING PRICES, STOCKS AND PRODUCTION IS FURNISHED
BY EVAPORATED AND CONDENSED- MILK FIRMS OPERATING 99% OF THE TOTAL CASE GOODS FACTOR-
IES IN THE UNITED STATES.

PRICES PAID PRODUCERS FOR 3.5M MILK F. 0. B. FACTORY FOR JANUARY 1931
NUMBER OF:FACTORIES PRICE PER CWT,
GEOGRAPHIC SECTIONS
REPORTING N RANGE AVERAGE
NEW ENGLAND $ $-
MIDDLE ATLANTIC** '2 1.87-2.25 2.06
SOUTH ATLANTIC 2 1.40-1.55 1.48
E. NORTH CENTRAL 60 1.00-2.15. 1.41
W. NORTH CENTRAL 7 1.30-1.45 1.36
SOUTH CENTRAL 8 1.36-1I49 1.42
NORTH WESTERN 2 1.35-1.38 1.37
bOUTH WESTERN 4 1-.40- .55 1.48
U.S. JANUARY 1931 85 '1.00-2.25 1.42
U.S. DECEMBER 1930 87 1.05-2.60 1.56
%- .....--..


"*'I ADDITIONAL FACTORIES REPORTED PRICES TO BE BASED IN PART ON THE CURRENT MONTH'S
WHOLESALE BUTTER QUOTATIONS, 23 OF.THESE BEING LOCATED IN N.Y. AND.PA. 19 FACTORIES
REPORTED PRICES NOT DETERMINED AS YET AND 29 REPORTED PLANTS CLOSED. NO PRICE INFOR-
MATION RECEIVED FROM REMAINING FIRMS. AVERAGE PRICES SHOWN FOR THE UNITED STATES DO
NOT INCLUDE ANY OF THESE FACTORIES..


58 FACTORIES WHICH DID NOT ANNOUNCE PRICES IN
PRICES ACTUALLY PAID FOR DECEM :


ADVANCE REPORTED


MIDDLE ATLANTIC 6 $1.56.-2.25 $1 80
EAST NORTH CENTRAL 22 J.138-2.46 1.55
SOUTH CENTRAL I 1.53 1.53
NORTH WESTERN 6 1'.33-1 .43 1.38
SOUTH WESTERN 3 I..35-1.58 1'.47

NET WHOLESALE SELLING PRICES IN CARLOTS F.O.-B. DISTRIBUTING POINTS DECEMBER 1930
(CASE GOODS) :
THE WHOLESALE PRICES GIVEN BELOW ARE BASED ON THE REPORTS MADE BY MANUFACTURERS
COVERING ACTUAL SALES DELIVERED AT MANUFACTURERS DI STR IBUTING POINTS ON BASISOF CASH
OR SHORT TIME CREDIT.
EvAPORATED MILK CONDENSED MILK
F. 0. B. (PER CASE OF 48.- 16 oz. CANS) (PER CASE OF 48 14 oz. CANS)
RANGE AVERAGE RANGE AVERAGE
BOSTON $ 3.25-3.88 $3.69 .$ 5'20-6.40 $5.98
NEW YORK CITY 3.35-4.05 3.72 5.20-6.70 6.04
PHILADELPHIA 3.40-3.85 3.69 6.20-6.70 6.27
CHIOCAGO 3.30-3.70' 3.57' 6.35 6.35
CLEVELAND 3.35-3,72 3.60 6.22 6.22
ST. Louis 3.35-3.73 3.61 --
KANSAS CITY 3.35-3.73 3,58
MINNEAPOLIS-ST.PAUL 3.35-3.84 3.59 -
ATLANTA 3.77-4.00 3.87 -
NEW ORLEANS 3.60-4.00 3.79 6.45-6.70 .6.55
DENVER 3.60-4.00 3.74
SEATTLE 3.35-4.20 3.72 -
SAN FRANCISCO 3.40-4.20 3.65 -
Los ANGELES 3.40-4.20 3.62 -
AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS.- DECEMBER 1930
UNSWE TENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDENSED
SECOGRAPHIC PER CASE OF (PER CASE OF BULK PER CWT.)
SECTIONS 48 16 oz. CANS) 48-- .14 oz. CANS) UNSKIMMED SIIMMED
NEW ENGLAND $3.59 $5.89 $8.30 $4.57
MIDDLE ATLANTIC 3.57 5.98 8.77 4.53
SOUTH CENTRAL 3.62 6.44 8.86 5.14
E. N. CENTRAL 3.47 6.20 8.49 4.61
W. 'N. CENTRAL 3.53 8.54 5.19
SOUTH CENTRAL 3..66 6.54 8.90 5.10
NORTH WESTERN 3.66 8.90 5.33
SOUTH WESTERN 3.63 9.18 4.95
U. S. AVERAGE
DEC., 1930 $3.58 $6.15 $8.70 $4.84
U. S. AVERAGE
Nov.,1930 $3.62 $6.34 $8.99 $5.11 I
U. S. AVERAGE
DEC.,1929- $3.88 1 $6.14 $9.88 .$5.51
EVAPORATED MILK MARKETS A30UT STEADY -JYERS OPERATING HAND TO'MOUTH IN


ANTICIPATION CHANGE IN STYLE CANS STOCKS LIGHTER THAN YEAR AGO


THE CHANGE IN STYLE OF CANS FROM
16 OZ. TINS TO 14. OZ. TINS WHICH WILL
TAKE PLACE THE LAST WEEK IN JANUARY, WAS
THE SUBJECT OF POPULAR DISCUSSION IN
EVAPORATED MILK CIRCLES DURING THE MONTH,
REPORTS THE U. S. BUREAU OF AGRICULTURAL
ECONOMICS. THERE WAS CONSIDERABLE SPEC-
ULATION AS TO WHAT THE PRICE OF THE NEW
STYLE CAN WOULD BE, AND BUYERS PREPARED
FOR THE CHANGE BY KEEPING STOCKS CLOSE TO
ACTUAL REQUIREMENTS. THIS ATTITUDE ON
THE PART OF BUYERS, OF COURSE, REDUCED
TRADING ACTIVITY; A COURSE WHICH SOME
MANUFACTURERS ENDEAVORED TO COUNTERACT BY
OFFERING THE NEW STYLE CAN WITH A GUARANTEE
AGAINST PRICE DECL INE. ..BECAUSE MOST
BUYERS HAVE WORKED STOCKS DOWN TO THE BARE


(CONTINUED ON


FLOORS, CONSIDERABLY INCREASED ACTIVITY
IS ANTICIPATED IN EVAPORATED MILK MARKETS
AS SOON AS THE NEW PRICES ARE ANNOUNCED
WHICH WILL BE WITHIN A WEEK FROM THIS
WRITING. (JANUARY 23) THE TONE DURING
JANUARY WAS ABOUT STEADY AT PRACTICALLY
UNCHANGED'PRICES.
OVER 18 PER CENT MORE EVAPORATED
MILK WAS MANUFACTURED DURING DECEMBER
1930, THAN DURING' THE SAME MONTH IN 1I29
DESPITE CONTINUED EFFORTS ON THE PART OF
MANUFACTURERS TO CURTAIL THE MAKE,
ACCORDING TO A SAME-FIRM COMPARISON MADE
BY THE BUREAU. A SIMILAR COMPARISON OF
PRODUCTION SHOWS A GAIN OF- NEARLY 19 PER
CENT FROM NOVEMBER TO DECEMBER, 1930;, IN
SNE'XT PAGE)


UNAJ ARY- 193 I


. I :







PAGE 2
STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK
TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING, WHETHER THEIR
OWN OR STOCKS OF OTHERS; WHETHER ON THEIR OWN PREMISES, IN STORAGE, OR TRANSIT
(UNSOLD) FOR WAREHOUSE CONSIGNMENT; AND WHETHER SOLD OR CONTRACTED FOR AND NOT
DELIVERED.
UNSOLD STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS WHICH WERE NOT SOLD OR
UNDER CONTRACT FOR DELIVERY ON.UNF-I.LL'ED ORDERS,
PRODUCTION FIGURES FOR THE CURRENT MONTH INCLUDE REPORTS FROM FIRMS OPERATING
APPROXIMATELY' 99%'OF THE TOTAL.',ACTORIIES IN ,THE UNITED STATES.
EVAPORATED MILK CONDENSED MILK CONDENSED MILK
(.CASE,.GOODS) (CASE GOODS) (BULK GOODS)
TOTAL STOCKS
TOTAL STOCKS ON JAN. I, 1931 202,069,867 LBS 17,803,478 LBS 19,520,458 LBS
.NO. OF FIRMS REPORTING* 34 9 32
COMPARISON FOR. SAME FIRMS:
JANUARY .I 1931 202,069,867 LBS 17,803,478 LBS 19,515,676 LBS
DECEMBER. I., 1930 211,684,122 It 20,656,662 20,885,082 1
'CHANGE DURING MONTH 4.55 13.82% 6.56
FIRMS IN COMPARISON 34 9 31
JANUARY 1, 1931 201,.309,665 LBs 17,803,478 LBs 19,520,458 LBS
JANUARY. 1930 211,929,943 1' 25,461,948 23,410,918 '
CHANGE FROM PREV. YEAR 5.02% -30.08% -.16.62%.
FIRMS IN COMPARISON* 31 9 32
UNSOLD .STOCKS
TOTAL UNSOLD STOCKS ON JAN.I,1931 163,478,304 LBS 14,181,066 LBS 8,296,803 LBS
NO. OF FIRMS REPORTING* 25 7 21
COMPARISON FOR SAME FIRMS:
JANUARY I 1931 163,478,304 LBS 14 181,066 LBS 8,296,803 LBS
ECEMBER 1, 1930 174,147,578 16,677,858 7,841,940 1
SCHANGE DURING MONTH 6.13% 14.98% + 5.80
FIRMS IN COMPARISON 25 7 21
JANUARY I, 1931 162,887,038 LBS 14,181,066 LBS 8,296,803 LBS
JANUARY I, 1930 169,324,382 20,340,571. 7,404,954 "
SCHANGE FROM PREV. YEAR 3.81 30.29% + 12.04
IRMS IN COMPARISON* 21 21

PRODUCTION
COMPARISON FOR SAME FIRMS:.
DECEMBER, 1930 98,689,998.LBs .8,827,927 LBS 10,383,819 LBS
OVEMBER, 1930 90,858,461 8,060,197 10,476,511 "
CHANGE DURING MONTH + 18.62,% + 9.52% 0.88%
IRMS IN COMPARISON* 32 8 31
DECEMBER, 1930 97,440,959 LBS. 8',827,927-LBs 10,411,173 LBS
DECEMBER, 1929 82,528,879 It 9,120,247 11 9,859,291
b CHANGE FROM PREV..YEAR + 18.07% 3.21% + 5.6
FIRMS IN COMPARISON* 29 832
FINAL REVISIONS FOR LAST MONTH:':.
**TOTAL STOCKS ON DEC. 1,1930 211,828,122 LBS 20,656,662 LBS 20,885,082 LBS
**UNSOLD STOCKS ON DEC. I ,930' 174,147,578 16,677,858 7,841,940 "
PRODUCTION ON Nov 1930 (ALL ,: .
'FIRMS REPORTING) 9 .90,858,461 "1 8,060,197 10,476,511 "
*FIRMS,NOT FACTORIES. SoqM FIRMS OPERATE MORE THAN ONE FACTORY.
NO CHANGE FROM ORIGINAL FIGURES.

EXPORTS AND I IMPORTS


TOTAL EXPORT



TOTAL IMPORi


rs DECEMBER, "**.30 '
DECEMBER, 1.929.
JAN. DEC; IN, 1930
JAN. DEC. INC, 1929.
rs DECEMBE1R, 1"930
DECEMBER, :1929
JAN. DEC. I NC,,:;93i..'
JAN. DEOC. INC'i,.929


EVAPORATED.
4,545,7.21 gLs.
5,339,149 "
.60,810,993 ."
"'68,42,613 "
Q100.. "

21.0,-544 i "
2, O 3,634 f"


CONDENSED
1,906,774
3, 100,045
29,648,190
41,242,.812
24,106
.. -14,098
1,400,551
620,423


(EXPORTS AND IMPORTS COMPILED FROM OFFICIAL. RECORDSIOF DEPARTMENT OF COMMERCE)
(CONT NUE. FROM FIRST PAGE)


COMPARISON WITH 10 PER. C.E.NT .I.N 1929, A.N.
I3 PER CENT IN 1928. SOME, MILIK.,HICH'
NORMALLY FLOWS INTO EVAPORATED MILK
CHANNELS, BUT WHICH HAD BEEN DIVERTED
DURING RECENT MONTHS TO BUTTER AND CHEESE,:
WAS NO DOUBT DIRECTED BACK AGAIN DURING
DECEMBER 3ECAUSE.OF THE RATHER UNFAVORABLE
'BUTTER AND CHEESE PRICES. A SUMMARY OF
EVAPORATED MILK PRODUCTION..DURING 1930
SHOWS THAT THE MAKE FELL APPRECIABLY UNDER
THAT OF 1929 UP .TO OCTOBER, DURING WHICH
MONTH PRODUCTION ACTUALLY, EXCEEDED THAT OF
A YEAR AGO BY OVER 16 PER CENT. DURI NG
NOVEMBER THE MAKE EXCEEDED THAT OF TIE
SAME MONTH OF 1929 BY OVER 20 PER CENT,
AND DURING DECEMBER BY 18 PER CENT. DURING
THE YEAR 1930 THE MAKE OF.EVAPORATED M.ILK
FELL APPROXIMATELY 4.1 PER CENT SHORT OF
THAT OF 1929.
DESPITE.THE SHARP-UPWARD TREND IN
PRODUCTION DURING THE LAST THREE MONT.H8 O.F
1930, STOCKS HAVE CONTINUED TO DECREASE
DURING NOVEMBER AND DECEM.BER4 AND ON
JANUARY I, 1931 WERE STILL OVER 5 PER CENT
BELOW THOSE OF EVEN. DATE A YEAR EARLIER'.'


JANUARY
S9ZO SELO Z9Z1 C
I IIIIM i IIIIII III l 111111 lll i IN I l 1111111111111 1111111111 111


MANY 'IN THE TRADE BELIEVE THAT THE FAVOR-
ABLE STOCKS CLEARANCE WHICH THE EVAPORAT-
ED MILK INDUSTRY .HAS ENJOYED DURING THE
PAST FOUR MONTHS DESPITE THE RELATIVELY
HEAVIER PRODUCTION WAS, IN NO.SMALL
MEASURE, DUE TO A SHIFT IN THE CONSUMP-
TIVE HABITS OF THE PEOPLE OF THE' UNITED
STATES FROM.FLUID MILK AND CREAM TO EVAP-
ORATED MILK,. AND THAT THIS CHANGE WAS
LARGELY THE RESULT OF THE CURRENT
ECONOMIC CONDITIONS.
CONDENSED MILK MARKETS CONTINUED
EASY DURING JANUARY AND IN BUYERS' FAVOR.
AN UNJD~RTONE OF UNEASINESS CAUSED BUYERS
TO OPERATE MORE CAUTIOUSLY THAN USUAL,
AND 'THE TENDENCY WAS TO LI.M.IT PURCHASES
TO PRESENT NEEDS. THAT MANUFACTURERS ARE
SUCCESSFULLY CURTAILING PRODUCTION IS
INDICATED BY THE 19 PER CENT LIGHTER PRO-
DUCTrIQN-DURI.NG DECEMB'tR THIS YEAR THAN
LAST'Y.EA'R, ANiD AN INCREASE OF ONLY 6 PER
CENT OVER NOVEMBER. COMPARED WITH THE
SAME DATE A YEAR AGO JANUARY I, 1931 STOOC
WERE .NE,'PLV ,24. ER CENT L4GHTEB, WHILE
JANUARY S,, ,9 'STOCKS WERE :i PER CENT
HEAVIER THAN ON HESAME DATE A YEAR
EARLIER. UNIV. OF FL LU.

1931 DOCUMENTS DEPT
' 1931

r,5 i ,Z _Z


LBS.
fI
II
II
11
If
II


I- ~ :




Full Text
xml version 1.0 encoding UTF-8
REPORT xmlns http:www.fcla.edudlsmddaitss xmlns:xsi http:www.w3.org2001XMLSchema-instance xsi:schemaLocation http:www.fcla.edudlsmddaitssdaitssReport.xsd
INGEST IEID E6Q5FFJ99_S4O5RR INGEST_TIME 2013-01-22T13:57:03Z PACKAGE AA00013239_00009
AGREEMENT_INFO ACCOUNT UF PROJECT UFDC
FILES